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Evertec continues expansion in Latin America with acquisition of Grandata

The transaction strengthens the fintech's diversification strategy and data analytics capabilities throughout the region.

Evertec, a leader in financial technology solutions and payment digitization in Latin America and the Caribbean, has added Grandata Inc. to its portfolio. Grandata specializes in data analytics and artificial intelligence, focusing on transforming behavioral and market data into actionable insights for businesses, particularly in credit risk for unbanked populations.

We are excited to announce the acquisition of Grandata, which aligns with our growth strategy in Latin America and enhances our relationships with important fintech companies in the region. This integration will improve our data analytics capabilities, support our issuance platform, and enable us to better meet the needs of our clients in the financial sector

Our integration with Evertec presents a variety of opportunities to expand the reach of our solutions across Latin America. We believe that, together, we can provide additional value to financial institutions and underserved communities.

The transaction reinforces Evertec’s diversification and positioning strategy in the Latin American market. Moreover, Grandata’s expertise in data analytics enhances Evertec’s ability to provide clients with innovative and comprehensive value-added solutions, enabling organizations to navigate the digital era and continue growing in an agile and efficient manner.

With this acquisition, Evertec consolidates its position as a benchmark in financial technology in Latin America, expanding its range of services focused on credit risk management, business solutions, and payment processing.

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